How Hard is it to Find Tenants?

[Steven Mendiola]

Hi everyone, I’m looking to buy my first house hack in the Denver area. I’m hoping to buy a home around 500K with 5 bedrooms and renting every room while sleeping in a trailer. Currently a mortgage would be around 3500/month so if I rented every room around 800 each I’d be pulling in 500/month before reserves and that’s with all rooms rented out. 

My questions- 

How hard is it to find renters immediately after getting a property? 

With a $3500 mortgage just being over 50% of my W2 income (im make about 3100 per paycheck) am I biting off more than I can chew in case of vacancy?

I’ve also looked into 400-450K price range with 4 bedrooms with a cheaper mortgage, but also a lower cash flow, or just breaking even.